Capital Counsel LLC NY Trims Stake in Intel Co. (NASDAQ:INTC)

Capital Counsel LLC NY lessened its stake in Intel Co. (NASDAQ:INTC) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 606,562 shares of the chip maker’s stock after selling 3,200 shares during the period. Intel comprises approximately 0.5% of Capital Counsel LLC NY’s investment portfolio, making the stock its 14th largest holding. Capital Counsel LLC NY’s holdings in Intel were worth $12,162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Finley Financial LLC purchased a new stake in Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel during the 4th quarter valued at approximately $27,000. BankPlus Trust Department acquired a new stake in Intel in the 4th quarter valued at $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel during the fourth quarter worth about $29,000. Finally, West Financial Advisors LLC acquired a new position in shares of Intel during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 1.6 %

Shares of INTC stock opened at $18.93 on Friday. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a 50 day moving average price of $22.38 and a 200 day moving average price of $21.99. The stock has a market capitalization of $82.55 billion, a P/E ratio of -4.32 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INTC. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Monday. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Finally, Mizuho decreased their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $25.38.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.